PHAROX xT EA V5.37 MT5

Introduction

PHAROX xT EA V5.37 MT5 is an automated trading system designed for the MetaTrader 5 platform. It executes trades based on predefined algorithmic rules, aiming to identify trading opportunities and manage positions without manual intervention. It is suitable for traders seeking a structured and automated approach to forex trading.

Key Features

• Fully automated trade execution
• Advanced market analysis using technical logic
• High-speed order execution
• Customizable settings (lot size, SL, TP, risk)
• Grid/martingale recovery mechanism (in most versions)
• Multi-pair and multi-timeframe compatibility
• Backtesting and optimization support
• VPS compatible for 24/7 trading

Recommended Settings

• Timeframe: M15 or H1
• Pairs: EURUSD, GBPUSD (low spread pairs preferred)
• Lot size: 0.01 per $100 balance
• Stop Loss: 30–100 pips
• Take Profit: 50–150 pips
• Risk level: Low to moderate
• Use VPS: Recommended for stable performance

Backtest Result

• Shows performance based on historical data using MT5 Strategy Tester
• Key metrics include:
  • Profit and loss
  • Drawdown
  • Win rate
  • Equity curve
• Good results usually show steady growth with controlled drawdown
• Backtest results may differ from live performance due to market conditions

Advantages

• Eliminates emotional trading
• Saves time through automation
• Executes trades quickly and efficiently
• Allows backtesting before live trading
• Customizable risk and strategy settings
• Can trade continuously (24/7 with VPS)

Disadvantages

• Risk of high drawdown if using martingale/grid
• Performance depends on market conditions
• Requires monitoring despite automation
• Broker conditions can affect results
• Over-optimization risk in backtesting
• No guarantee of consistent profit

Installation & Setup Guide

1. Download the EA file (.ex5 or .mq5)
2. Open MetaTrader 5
3. Go to File → Open Data Folder
4. Open MQL5 → Experts folder
5. Paste the EA file into Experts folder
6. Restart MT5 or refresh Navigator
7. Drag EA onto chart
8. Enable Algo Trading
9. Adjust input settings (lot, SL, TP, risk)
10. Run on demo account before live use.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.